Video games platform Mod.io raises $35 million in Tencent-led series A
Summary
It was the first to launch cross-platform mod support in SnowRunner, Skater XL, Space Engineers and TABS on Xbox and PlayStation as well as PC. Our goal at mod.io is to enable games to launch their own creator economy, providing studios with the building blocks wanted and needed by players,” he said. “Many of the largest video game genres today started out as UGC, or mods, built by enthusiasts on top of existing products. “As a stakeholder in the future of this industry, Tencent is proud to support mod.io on its path to unlock creativity across the gaming ecosystem.” LEGO Ventures Digital Play MD Rob Lowe, Managing Director of Digital Play, said mod.io has created a UGC platform that allows any game to be rebuilt and adapted by the player. “We believe this is a great example of the core LEGO idea applied to digital play, and we are extremely excited to support mod.io as they further expand the platform, community and range of games utilising this highly promising technology,” he said.
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